Ex-Trader's Gambit Bites Goldman

WASHINGTON—Goldman Sachs Group Inc. became the latest top Wall Street bank to suffer a trading-related black eye, agreeing to pay $1.5 million to settle civil charges that it failed to supervise a former trader.

The charges, brought by the Commodity Futures Trading Commission, involved a former trader who allegedly concealed an $8.3 billion futures position in 2007.